⟩ Please explain the purchasing process step-by-step?
Even in the most tactical procurement roles, a buyer should be able to visualize the purchasing process from beginning to end. Each of these nine steps of the tactical purchasing process should be known inside and out:
☛ Determining a need
☛ Communicating the need
☛ Reviewing the need
☛ Finding potential suppliers
☛ Conducting bidding and/or negotiation
☛ Selecting a supplier
☛ Formalizing the commitment
☛ Following up
☛ Closing out the transaction